Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Stock Holdings Increased by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. increased its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,565 shares of the company’s stock after purchasing an additional 210 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Academy Sports and Outdoors were worth $378,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Victory Capital Management Inc. raised its holdings in shares of Academy Sports and Outdoors by 46.1% in the 4th quarter. Victory Capital Management Inc. now owns 75,968 shares of the company’s stock worth $4,370,000 after purchasing an additional 23,980 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Academy Sports and Outdoors by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 764,903 shares of the company’s stock worth $44,005,000 after purchasing an additional 13,860 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Academy Sports and Outdoors by 80.7% in the 4th quarter. Jones Financial Companies Lllp now owns 5,765 shares of the company’s stock worth $332,000 after purchasing an additional 2,575 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after acquiring an additional 843 shares in the last quarter. Finally, Nichols & Pratt Advisers LLP MA increased its position in shares of Academy Sports and Outdoors by 4.7% in the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company’s stock worth $322,000 after acquiring an additional 250 shares in the last quarter.

Academy Sports and Outdoors Stock Performance

ASO stock opened at $49.24 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 1.02 and a beta of 1.25. Academy Sports and Outdoors, Inc. has a 12 month low of $44.73 and a 12 month high of $74.26. The firm has a 50 day moving average of $53.28 and a two-hundred day moving average of $53.75.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.30). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.38 earnings per share. As a group, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.06%. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s payout ratio is currently 7.22%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ASO. Robert W. Baird dropped their target price on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Wedbush reissued an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Telsey Advisory Group dropped their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. TD Cowen lifted their target price on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, Truist Financial lifted their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Academy Sports and Outdoors has a consensus rating of “Hold” and an average price target of $61.67.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.